Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Trading Down 0.3 %

NYSE:DLNG opened at $3.13 on Thursday. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30. The stock’s 50 day simple moving average is $2.93 and its two-hundred day simple moving average is $2.78. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $3.19.

Hedge Funds Weigh In On Dynagas LNG Partners

Several large investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Dynagas LNG Partners by 6.0% during the 4th quarter. UBS Group AG now owns 79,694 shares of the shipping company’s stock valued at $209,000 after purchasing an additional 4,500 shares during the last quarter. Citigroup Inc. bought a new position in shares of Dynagas LNG Partners during the 1st quarter valued at approximately $34,000. Cubist Systematic Strategies LLC purchased a new position in Dynagas LNG Partners during the 2nd quarter valued at $35,000. BNP Paribas Arbitrage SNC boosted its holdings in Dynagas LNG Partners by 104.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in Dynagas LNG Partners during the 4th quarter valued at $42,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.